October - November 2018 (Issue 120)

Jumeirah Group, the global luxury hotel company and a member of Dubai Holding, announced it is to operate a new hotel in Dubai under its Zabeel House by Jumeirah brand, having recently signed a management agreement with The Onyx for Development, a subsidiary of Ishraqah for Development Ltd.

The brand new Jumeirah brand was announced on January 23. Jumeirah has five signed hotel management agreements in place for Zabeel House by Jumeirahand will be making a series of announcements in early 2018.

The hotel, to be known as Zabeel House by Jumeirah – The Greens, is scheduled to open in Q4 2018 and will be a four-star property, and will offer 210 guest rooms, two restaurants, terrace dining around the pool area, conference and business facilities, as well as a gym and spa treatment rooms.

Marc Dardenne, Jumeirah group chief operating officer and interim CEO said: “This new hotel truly encapsulates the essence of Zabeel House by Jumeirah. It is a fantastic addition to our portfolio and will perfectly fit within the neighborhood to be enjoyed by both residents and visitors.”

Ammar Sweis, Ishraqah for Development CEO said: “Jumeirah is a Dubai brand with international appeal and is our ideal partner to realize our vision for The Onyx project and this hotel within the overall development. Zabeel House by Jumeirah – The Greens will be a central focus for The Greens master development, appealing to residents as well as the increasing numbers of Dubai visitors who are choosing a city destination for their stay. We are confident that with Jumeirah’s hospitality expertise, the hotel and The Onyx project will be a new destination in Dubai and a very important asset for us and the community.”

Jumeirah currently operates 19 Jumeirah hotels already in operation in Europe, the Middle East and Asia under its Stay Different luxury hotel brand.

Ishraqah for Development, the developer and owner of The Onyx for Development, a subsidiary of Ishraqah for Development, was formed as a joint venture between two prominent Saudi business groups, Al Zahran Group and Bin Mahfouz Group, in 2006 to pursue opportunities in the regional and international property markets. Ishraqah for Development, its subsidiaries and sister companies currently manage a portfolio of real estate investments and developments of over AED 5 billion covering the UAE and KSA as well as other international markets with offices in Dubai, Riyadh and Jeddah.